May I say, these things are horribly insecure.
This kind of card (I have 10 or so in my lab) has just a numeric string which is read by the reader. Of course it is totally copiable, so Dave if it opens something that is supposed to be secure, beware.
Don't confuse these cheapies with proper security cards. I am attaching an image I just took of my security card at work (which of course I tore down...), which although I have never analysed, seems to have a proper cryptographic handshake.
Also, credit cards in europe (EMV standard) are pretty secure as they are active cards (not just passive memory modules) and they do a cryptographic handshake according to public key infrastructure of mastercard/visa. The US have only lately started moving to EMV. I have no idea about Australia...